Why BlackLine Stock Is in the Red Today
Shares of BlackLine (NASDAQ: BL) crashed in Friday morning trading after the maker of cloud-based accounting software released its fourth-quarter report following the close of Thursday's session. Analysts had forecast it would earn $0.10 per share on $113.6 million in revenue in the fourth quarter, and while the company beat the revenue estimate, it missed on earnings, reporting a profit of $0.08 per share.
As of 10:20 a.m. ET, BlackLine stock was down 12.2%.
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Source Fool.com
